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Jul 21, 2012
07/12
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we have a big deficit. how about just cutting the deficit through different taxation policies. but the minute you get to the reality of these cuts, and here we are. you like the ryan cuts, you like him cutting things? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> right. and the broader question you just raised, we have a deficit, we have a debt. these have become problematic and everyone agrees with that. then you get into the details of whose option are you going to go for and whose order are you going to protect in order to do something about that? are you going to go after the most vulnerable as the ryan budget does? not only cutting medicare but things like education and other important spending that helps the most vulnerable. or are you going to provide tax cuts for the rich or are you going to preserve some of those programs in order to move toward a society where everybody has an equal shot and chance. they're going to say that the president's trying to scare people, but this isn'
we have a big deficit. how about just cutting the deficit through different taxation policies. but the minute you get to the reality of these cuts, and here we are. you like the ryan cuts, you like him cutting things? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> right. and the broader question you just raised, we have a deficit, we have a debt. these have become problematic and everyone agrees...
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Oct 24, 2017
10/17
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no one believes that this will lower the deficit. and the "washington post" fact checker called this claim a fantasy. no one believes it. so it is untruth after untruth, after untruth as bob corker put it when the president talks about the republican tax plan. untruth one, it's aimed at helping the middle class. untruth two, it's not a plan for the rich. untruth three, it lowers the deficit. this plan is a disaster for america. it's no wonder our republican colleagues want to rush it through in the dark of night because the more it is exposed to sun light the more rotten it smells and the american people will know that. senator cardin. >> thank you senator schumer. the more we are learning about the tax proposal that the republicans will be unveiling next week, the more we have concern that this is certainly not in the interest of the american people. senator schumer talked about the fact one thing is clear it will blow a hole in the deficit. they are acknowledging it when they allow the hole to be created but in addition we know tha
no one believes that this will lower the deficit. and the "washington post" fact checker called this claim a fantasy. no one believes it. so it is untruth after untruth, after untruth as bob corker put it when the president talks about the republican tax plan. untruth one, it's aimed at helping the middle class. untruth two, it's not a plan for the rich. untruth three, it lowers the deficit. this plan is a disaster for america. it's no wonder our republican colleagues want to rush it...
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Jun 21, 2012
06/12
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deficit versus growth. austerity. i do feel it's all those debates are quite old. what i have trouble with is figuring out what your idea looks like on the ground. i mean for somebody who's kind of struggling, trying to pay the mortgage, maybe the job is disappearing. >> a classic example, which is these are about people who make decisions, right? on monday, we have colin, three tours in iraq. got a novel farm with his wife. water bill is $1250 a month. finds this on the internet while serving in iraq. finds he's got a $1200 water bill and he has more incentive than the three of us will ever had because he owns an avocado form and doesn't want to pay for it. really the the only common trade is educational more than policy, which is those cultures that do a good first step analysis that have, that are ruthless in understanding where they are are the the only ones that will get these mass resource expansions because if we're not ruthless about where we are, it's impossible to mix the parts. unless he's honest, i've got an avocado form, i don't have the money. where a
deficit versus growth. austerity. i do feel it's all those debates are quite old. what i have trouble with is figuring out what your idea looks like on the ground. i mean for somebody who's kind of struggling, trying to pay the mortgage, maybe the job is disappearing. >> a classic example, which is these are about people who make decisions, right? on monday, we have colin, three tours in iraq. got a novel farm with his wife. water bill is $1250 a month. finds this on the internet while...
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Aug 13, 2012
08/12
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they see eye to eye on what to do with the deficit. they want to reduce the deficit on the backs of the middle class and seniors while giving tax cuts to the very wealthy. >> we're going to have to leave it there. >> thanks, karen. >> thanks so much. >>> next, we'll ask a member of congress for their take on 0 representative ryan. stay with us. >> thanks, neil. what's not to love in this paul ryan plan? we have a future and hope for the next generation as opposed to seeing the united states come closer toward an economic collapse. this is the direction that we need to go and we need to stand by it and support it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive
they see eye to eye on what to do with the deficit. they want to reduce the deficit on the backs of the middle class and seniors while giving tax cuts to the very wealthy. >> we're going to have to leave it there. >> thanks, karen. >> thanks so much. >>> next, we'll ask a member of congress for their take on 0 representative ryan. stay with us. >> thanks, neil. what's not to love in this paul ryan plan? we have a future and hope for the next generation as...
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Jul 29, 2011
07/11
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or debt, has never been about the deficit or debt. it has been all about starving the beast. reducing the size of government and reversing the last century of progress. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the cc. and every volkswagen includes scheduled carefree maintenance. that's the power of german engineering. right now lease the volkswagen cc sport for just $289 a month. ♪ visit vwdealer.com today. >>> this is a challenge for boehner in the house. he must pass a debt ceiling increase in his republican house of representatives. elections are all about politics. then the winners actually have to govern. i can see on election night some of the new members of congress are going to hold the debt ceiling hostage because they wouldn't understand when the politics end and the governing begins. >>> still to come tonight, oh, wait, is this -- it's still there. i don't know. we can't seem to get this new york post head
or debt, has never been about the deficit or debt. it has been all about starving the beast. reducing the size of government and reversing the last century of progress. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the cc. and every volkswagen includes scheduled carefree maintenance. that's the power of german engineering. right now lease the volkswagen cc sport for just $289 a...
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Sep 29, 2017
09/17
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republicans who ignore the deficit when it's republican legislation that is increasing the deficit. john mccain is taking a similar position on tax cuts to the position he took on the republican health care bills. john mccain said we need to do it in a bipartisan fashion. and if john mccain holds to that principle, then he cannot vote for the trump tax cuts. a bipartisan bill would be a very different bill from the one president trump is pushing now. the democrats would insist it not increase a deficit and a much smaller corporate tax cut if any at all and the elimination of more corporate tax cuts. the democrats would also insist on preserving the deductibility of state and local taxes and preserving some form of the estate tax, perms a higher threshold, perhaps on all estates above, say, $20 million. that's all negotiable. and, of course, democrats would insist on no increase in the bottom tax bracket and they already know that donald trump is ready to agree with them on that bottom tax bracket. there's always a deal to be done with tax legislation. it is numbers. it can be compro
republicans who ignore the deficit when it's republican legislation that is increasing the deficit. john mccain is taking a similar position on tax cuts to the position he took on the republican health care bills. john mccain said we need to do it in a bipartisan fashion. and if john mccain holds to that principle, then he cannot vote for the trump tax cuts. a bipartisan bill would be a very different bill from the one president trump is pushing now. the democrats would insist it not increase a...
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Feb 5, 2013
02/13
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after spending months focused on federal spending and deficit reduction, to day house majority leader eric cantor plans to urge his republican party to take its message in a new direction. in what's being described as a major policy speech one week before the president's state of the union address, kantor wcant to rollout a new agenda that puts emphasis on how the government can help american families in their daily lives. expected to touch on new and existing republican education initiatives, the need to simplify the tax code sh ways to curb rising health care costs and the hot issue of immigration reform. in a prespeech excerpt, he is quote the as saying, "government policy should aim to strike a balance between what is needed to aadvance the next generation, what we can afford, what is a federal responsibility, and what is necessary to ensure our children are safe, healthy, and able to reach their dreams." >>> this is going to be closely watched because it represents a rebranding of the party and the conservative philosophy away from what has been touched on over republicanism and
after spending months focused on federal spending and deficit reduction, to day house majority leader eric cantor plans to urge his republican party to take its message in a new direction. in what's being described as a major policy speech one week before the president's state of the union address, kantor wcant to rollout a new agenda that puts emphasis on how the government can help american families in their daily lives. expected to touch on new and existing republican education initiatives,...
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Apr 26, 2017
04/17
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but is he ignoring the deficit? >> this will be the biggest tax cut and the largest tax reform in the history of our country and we are committed to seeing it through. >> follow the money. do fired national security advisor michael flynn break the law by allegedly not disclosing payments from groups connected to vladimir putin? >> asking the white house to give document that's are not in the hands of the white house is ridiculous. >>. >> all options are on the table. we want to bring kim jong-un to his senses, not to his knees. we have john mccain this hour, also leon pinetta, senator ben cardon, all this hour on "andrea mitchell reports" good day, i'm andrea mitchell in washington overlooking the white house where today is tax day. president trump about to unveil his big plan including slashing business tax to 15%. kristen, this is a big tax plan, it doesn't at all address blowing a hole in the deficit. >> it doesn't, andrea. let me tell you what we know so far that we will learn later on today. we know is going to
but is he ignoring the deficit? >> this will be the biggest tax cut and the largest tax reform in the history of our country and we are committed to seeing it through. >> follow the money. do fired national security advisor michael flynn break the law by allegedly not disclosing payments from groups connected to vladimir putin? >> asking the white house to give document that's are not in the hands of the white house is ridiculous. >>. >> all options are on the...
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Feb 11, 2013
02/13
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we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on a national debt and that 15% is a large percentage of the national budget. >> bottom line, you could live with the sequester if it happens? >> i don't wa want to live with the sequester. they do not make sense and we're going to hurt a lot of people and it's up to the president really to act now. the tax fight for the president means higher taxes, more revenue. again, we can't be raising taxes every three months in this town, 2k5i6d. you know, the bottom line is we want tax reform but we want to plug those loopholes that the president talks about to bring down tax rates because we believe that's pro growth and we can get an economy going again. let people who earn money keep more of it. the president is not talking about that. what he's talking about is trying to raise more taxes. >>> police in chicago are questioning two persons of interest in th
we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on a national debt and that 15% is a large percentage of the national budget. >> bottom line, you could live with the sequester if it happens? >> i don't wa want to live with the sequester. they do not make sense and we're going to hurt a lot of people and it's up to the president really to...
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Dec 19, 2017
12/17
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it so blows a hole in our deficit. it so threatens social security, medicare, and medicaid. they will rue the day. >> ali, i asked mitch mcconnell about these comments, these poll numbers, anything that shows this bill to be unpopular. and he said essentially, we are going to find out. we are going to find out what the effect this bill is starting early next year when people start to see the difference, good or bad, in their paycheck. and this is a position he's perfectly comfortable to be in to see exactly whether this thing is popular or not once it actually starts to affect people rather than right now in the middle of the debate. >> garrett, what's the update on the protests? >> there were some protests inside the house chamber as they were preparing to vote. the gallery and capitol police moved quickly to shut that down. i am not aware of any protests inside the building as we speak but i suspect we will continue to see more in the office buildings and similar action on the senate side later on tonight. although the senate side has been essentially locked down the last
it so blows a hole in our deficit. it so threatens social security, medicare, and medicaid. they will rue the day. >> ali, i asked mitch mcconnell about these comments, these poll numbers, anything that shows this bill to be unpopular. and he said essentially, we are going to find out. we are going to find out what the effect this bill is starting early next year when people start to see the difference, good or bad, in their paycheck. and this is a position he's perfectly comfortable to...
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Jul 18, 2017
07/17
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of deficit. if you speak to the average person and talk deficit, you could make a mistake between the trillion or billion and it doesn't seem to matter. it feels disconnected. from your perspective, michael, the average american beyond how they voted or if they asked their lawmaker to repeal and that was a campaign promise, from a health care perspective, i'm a mother of three kids, don't care what it's called, i want them to get the best health care and want to afford it. how does repeal only work for the american person? >> it doesn't. if you repeal only and i think ali did a great job talking about the cbo numbers. >> i do too. con congratulations. >> the insurance markets will explode and insurance companies will pull out. one thing insurance companies hate is uncertainty. they hate uncertainty. if you tell them you're going to repeal this law, that the individual mandate is gone and subsidies are gone and medicaid expansion is gone and just wait a couple of years because we're going to come
of deficit. if you speak to the average person and talk deficit, you could make a mistake between the trillion or billion and it doesn't seem to matter. it feels disconnected. from your perspective, michael, the average american beyond how they voted or if they asked their lawmaker to repeal and that was a campaign promise, from a health care perspective, i'm a mother of three kids, don't care what it's called, i want them to get the best health care and want to afford it. how does repeal only...
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Dec 15, 2017
12/17
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they all know that this is going to wildly increase the deficit and they want to do that. this is a fixed policy of republicans and has been for decades now. >> why? >> for the following reason -- the very first thing bill clinton did at president, very first thing, raise taxes. after, by the way, running on a campaign to deliver a middle class tax cut, which was impossible given fiscal situation at the time. bill clinton did the responsible thing, raced taxes, cut medicaid, medicare that went a long way to reducing the deficit ultimate end of the clinton presidency you had a surplus. that meant the next president, the next republican president could now cut taxes, because the democrats had done the responsible thing. they are counting on this. so what happens to the next democratic president? he follows a president bush who has cut taxes irresponsibly while waging two wars that he didn't know he was going to have to wage, and you have this extraordinary out of control deficit and debt and president obama, the democrat, has to do the responsible thing and raise taxes. they
they all know that this is going to wildly increase the deficit and they want to do that. this is a fixed policy of republicans and has been for decades now. >> why? >> for the following reason -- the very first thing bill clinton did at president, very first thing, raise taxes. after, by the way, running on a campaign to deliver a middle class tax cut, which was impossible given fiscal situation at the time. bill clinton did the responsible thing, raced taxes, cut medicaid,...
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Aug 6, 2011
08/11
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it's whether your basic plan for reducing the deficit has integrity at all. and anybody, including tom coburn knows it doesn't if there are no revenue increases, so he can't blame them being "banana republicans. >> and the polls show, the polling indicates the public relieves yes, you do need responsible evidence. jonathan alter and "the washington post"'s ezra klein. thank you both for joining me tonight. >> coming up, an oscar winner will take over this chair to rewrite -- i'm not going to tell you what he's going to talk about. he's going to do a guest rewrite but i think you see a picture of what might be a clue. it's a last word first. the very first guest rewrite. >>> plus, governor rick perry's prayer meeting puts him at odds with the single largest religious group in the united states. catholics. >>> and why is jerry lewis being let go from the telethon he created? that's coming up. n for pain rel. with new extra-strength bayer advanced aspirin. it has microparticles, enters the bloodstream faster and rushes relief to the site of pain. it's clinically
it's whether your basic plan for reducing the deficit has integrity at all. and anybody, including tom coburn knows it doesn't if there are no revenue increases, so he can't blame them being "banana republicans. >> and the polls show, the polling indicates the public relieves yes, you do need responsible evidence. jonathan alter and "the washington post"'s ezra klein. thank you both for joining me tonight. >> coming up, an oscar winner will take over this chair to...
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Jul 28, 2011
07/11
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the unemployment and the deficit. we've got to turn it around. >> this bed was on fire when he got in it. be honest about it. tax cut, two big war, a big tax cut, prescription bill that wasn't -- we had a guy on last night that showed almost half the federal debt was caused by bush over the eight years in office. that's serious business. >> everybody loves blaming president bush. >> i just did it. by the way -- >> you can blame anybody you want. who's been in office the last and a half years and doesn't want to correct the problem? place the blame where it is and it falls on both sides of the aisle. >> that was a totally -- >> the president doesn't want to put a plan in place. we've got fix the problem and it's not done by raising taxes. the problem is washington spends too much money. you don't solve that problem by sending washington more money and job killing taxes. you start controlling spending. >> i've heard you say over and over, a $14 trillion debt. half caused by bush. you can't just talk than when he left us
the unemployment and the deficit. we've got to turn it around. >> this bed was on fire when he got in it. be honest about it. tax cut, two big war, a big tax cut, prescription bill that wasn't -- we had a guy on last night that showed almost half the federal debt was caused by bush over the eight years in office. that's serious business. >> everybody loves blaming president bush. >> i just did it. by the way -- >> you can blame anybody you want. who's been in office the...
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Jul 29, 2011
07/11
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and republican deficit proposals aren't really aimed at the deficit. they ever aimed at something much bigger. they don't want to end medicare as we know it, they want to end government as we know it. it's a little bit closer to that thing. ok. ezra klein is going to join me. add a little...or a lot. for a drink that's just the way you like it. make it yours. make it mio. my name is lacey calvert and i'm a yoga instructor. if i have any soreness, i'm not going to be able to do my job. but once i take advil, i'm able to finish out strong. it really works! [ laughs ] [ male announcer ] make the switch. take action. take advil. [ male announcer ] make the switch. diabetes testing? it's all the same. nothing changes. then try this. freestyle lite® blood glucose test strip. sure, but it's not gonna-- [beep] wow. yep, that's the patented freestyle zipwik™ design. did it just-- [both] target the blood? yeah, drew it right in. the test starts fast. you need just a third the blood of one touch.® that is different. so freestyle lite test strips make testing.
and republican deficit proposals aren't really aimed at the deficit. they ever aimed at something much bigger. they don't want to end medicare as we know it, they want to end government as we know it. it's a little bit closer to that thing. ok. ezra klein is going to join me. add a little...or a lot. for a drink that's just the way you like it. make it yours. make it mio. my name is lacey calvert and i'm a yoga instructor. if i have any soreness, i'm not going to be able to do my job. but once...
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Oct 20, 2017
10/17
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is this worth ballooning the deficit? >> what really needs to be done is for the economy to grow. >> based on speculation that it will. >> based on dramatic cuts and individual corporate rates. >> there's a lot of concern out there and i hear it from people who, frankly, the republicans couldn't get health care passed. they have to get something done. because as people, like lindsey graham have said, if they don't pass this, then they're not going to have to kept any promise to voters. enis this going on here? >> this is a big week for mitch mcconnell and steve bannon. mcconnell was successful in getting the votes needed to get this budget passed, which unlocks the path for tax reform. the president is fully behind this effort. there was an amendment last night to accelerate the budget plan to show the house and senate leaders are succeeding and improve iing. and i think they are getting this done in a way that the senate was not able to get it done on health care. >> so you are saying that this budget, that this tax refo
is this worth ballooning the deficit? >> what really needs to be done is for the economy to grow. >> based on speculation that it will. >> based on dramatic cuts and individual corporate rates. >> there's a lot of concern out there and i hear it from people who, frankly, the republicans couldn't get health care passed. they have to get something done. because as people, like lindsey graham have said, if they don't pass this, then they're not going to have to kept any...
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Oct 25, 2017
10/17
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will it be deficit neutral? is that the idea? whatever goes up on one side of the ledger comes down and vice versa, ala 86? >> well, that depends on how much spending we cut. the house of representatives passed a budget that cuts more spending than any budget that newt gingrich and welfare -- >> i want to make a prediction, so it does or doesn't come true so you can lord it over me. that won't happen. the deficit will go up. >> i'm going to be fighting for it. >> you come back and we'll see who is right about this. congressman, thank you for taking the time. >> still to come, why did a two-person company in white fish, montana get the contract to build puerto rico's power grid? the information on that, plus bill o'reilly blames god in tonight's episode. next. is your skin dry? then moisturize with aveeno® skin relief. with oat oil and natural shea butter, it softens and smooths extra dry skin and lasts for 24 hours. aveeno®. naturally beautiful results® ...from godaddy! in fact, 68% of people who have built their... ...website
will it be deficit neutral? is that the idea? whatever goes up on one side of the ledger comes down and vice versa, ala 86? >> well, that depends on how much spending we cut. the house of representatives passed a budget that cuts more spending than any budget that newt gingrich and welfare -- >> i want to make a prediction, so it does or doesn't come true so you can lord it over me. that won't happen. the deficit will go up. >> i'm going to be fighting for it. >> you...
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Nov 28, 2017
11/17
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eye 127
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you saw the deficit hawks. nick mulvaney on "meet the press" said to me, well, it's a gimmick to get that number under the budget rule so we only need 50 votes to pass itme. he acknowledged it could be closer to 2.2 million. what corker was talking about in a late night meeting was some sort of trigger where, michael, they could put the tax cut in as envisioned, but then take it back if it turns out it doesn't produce the revenue t. >> this is such a farce, andrea. i can't believe republicans are so desperate that they are willing to sacrifice the core principle that they have advocated for lo these 10 to 15 years, certainly during the obama administration, that they would spend a dime more of the nation's money on things that they thought were frivolous were willing to shut down the government, and did shut down the government, because of the spending priorities, spending too much money, raising the national debt. >> they're now comfortable with spending $1.5 trillion minimum that we don't have. they're like,
you saw the deficit hawks. nick mulvaney on "meet the press" said to me, well, it's a gimmick to get that number under the budget rule so we only need 50 votes to pass itme. he acknowledged it could be closer to 2.2 million. what corker was talking about in a late night meeting was some sort of trigger where, michael, they could put the tax cut in as envisioned, but then take it back if it turns out it doesn't produce the revenue t. >> this is such a farce, andrea. i can't...
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Aug 13, 2012
08/12
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turns out ryan hasn't always been such a deficit hawk. he's more like a deficit chicken hawk. see, once upon a time, paul ryan wasn't so concerned about slashing the budget and bringing down the deficit. under president bush, ryan didn't have a budgetary care in the world. he said aye to the medicare prescription drug benefit and voted in favor of the bush tax cuts and voted for the war in iraq and afghanistan. that's right. he votes in favor of the policies that are now the main causes of our national deficit. but when a democrat was voted into the white house, ryan suddenly became the pitch man for budget cuts. joining me now is father thomas reed, a senior fellow at woodstock theological center. he joined others in speaking out against drastic gop cuts against the poor. and ezra klein, a washington post columnist and msnbc policy analyst. thank you both for being here tonight. >> thank you. >> ezra, let me start with you. there's so much talk about the ryan plan. tell us exactly what it is. i mean, specifically what it does to medicare. let's start there. >> begin with medi
turns out ryan hasn't always been such a deficit hawk. he's more like a deficit chicken hawk. see, once upon a time, paul ryan wasn't so concerned about slashing the budget and bringing down the deficit. under president bush, ryan didn't have a budgetary care in the world. he said aye to the medicare prescription drug benefit and voted in favor of the bush tax cuts and voted for the war in iraq and afghanistan. that's right. he votes in favor of the policies that are now the main causes of our...
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May 28, 2013
05/13
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the money would help reduce the deficit and pay for improvements at airports as well as at customs staffing. the airline industry opposes such attac tax increase. >>> new official at rutgers is accused of abusing past athletes. >>> plus controversy over danica patrick's boyfriend causing her to crash. tony stewart is not happy about it. that's next. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instead of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgraded experience comes from listening to our cardholders. visa signature. your idea of what a card should be. there's a new way to fight litter box odor. introducing tidy cats with glade tough odor solutions. two trusted names, one amazing product. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiti
the money would help reduce the deficit and pay for improvements at airports as well as at customs staffing. the airline industry opposes such attac tax increase. >>> new official at rutgers is accused of abusing past athletes. >>> plus controversy over danica patrick's boyfriend causing her to crash. tony stewart is not happy about it. that's next. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instead...
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Sep 19, 2013
09/13
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you should work to reduce the deficit and grow the economy at the same time. the president's remarks not withstanding, you know, the white house may not get it, but frankly the american people get it. every major deficit reduction plan over the last 30 years has been tied to the debt limit. in 1985 president reagan signed the hollings deficit reduction bill which included an increase in the debt limit. when president bush reached a budget deal with democrats here in the congress in 1990, it included an increase in the debt limit. president clinton reached two similar agreements both tied to the debt limit and i would remind president obama himself that in the december of 2011 there was a major deficit reduction bill enacted with an increase in the debt limit. this time it should be no different. in fact, i think it's more important than ever. a report this week from the congressional budget office makes it clear that our debt is set to grow rapidly in the coming years if we take no action. now that's why it's so troubling that the president's decided to just s
you should work to reduce the deficit and grow the economy at the same time. the president's remarks not withstanding, you know, the white house may not get it, but frankly the american people get it. every major deficit reduction plan over the last 30 years has been tied to the debt limit. in 1985 president reagan signed the hollings deficit reduction bill which included an increase in the debt limit. when president bush reached a budget deal with democrats here in the congress in 1990, it...
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Nov 7, 2012
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it exploded the deficit. didn't do anything for economic growth. here's the final opportunity for democrats to get back to the clinton level and seems to me nightmare scenario of democrats is obama short circuits the opportunity here cuts the grand bargain more on the republicans' terms and revenue source that boehner is looking for and entitlement reform aspect and shouldn't this be something democrats should be willing to work for? >> well look. speaker boehner ignored the fact that in 20 agreed to what the equivalent of a trillion dollars in spending cuts already. and that's certainly has to be factored in to the equation talking about spending cuts because that's part of it. but look simpson-bowles says we can do this. we can cut the corporate tax rates significantly by removing a lot of the corporate loopholes that would produce a whole lot of revenue. a boatload of revenue. the devil is in the i think for us as democrats we ought to be interested in one thing, steve. that's "x." "x" is what revenue is produced and if revenue is produced in a
it exploded the deficit. didn't do anything for economic growth. here's the final opportunity for democrats to get back to the clinton level and seems to me nightmare scenario of democrats is obama short circuits the opportunity here cuts the grand bargain more on the republicans' terms and revenue source that boehner is looking for and entitlement reform aspect and shouldn't this be something democrats should be willing to work for? >> well look. speaker boehner ignored the fact that in...
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Nov 30, 2017
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congressional budget office estimates a whopping $1.4 trillion to the deficit over the next decade. needs to be under $1.5 trillion according to senate rules. republican senator john mccain just the latest to say he'll vote in support of the tax plan. in theory, the bill could still collapse, only three republican senators need to vote against it for a no vote. three gop senators voice concerns with the bill. on the whole, seems it's on a glide path to passage by the end of this week. joining me now on capitol hill is msnbc's garrett haake. garrett, great to see you. i know you've been chasing senators left, right, all over the capitol today. where does everything stand now and what should we expect over the next 24 hours? >> reporter: kasie, the tone is different today than the final hours leading up to the health care fight where we knew there were republican senators dug in and going to vote no. we knew john mccain was somewhere out there making a choice, not deciding to speak his mind until the last minute. today and last night there wa hadn't a sense that even republican senato
congressional budget office estimates a whopping $1.4 trillion to the deficit over the next decade. needs to be under $1.5 trillion according to senate rules. republican senator john mccain just the latest to say he'll vote in support of the tax plan. in theory, the bill could still collapse, only three republican senators need to vote against it for a no vote. three gop senators voice concerns with the bill. on the whole, seems it's on a glide path to passage by the end of this week. joining...
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Dec 31, 2012
12/12
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at the moment we will have a fairly modest amount of deficit reduction. maybe even none at all. mixed with a fairly bad economic impact from the fiscal cliff. kicking some of the sequester down the road would be a good idea but it's the same disagreements keeping us from doing that that has kept us from getting a bigger deal. >> where we are right now and what we know about this, sam, is it clear whether one side gave more than the other? >> you know, it's just the first chapter of a several-chapter book here because now we're going to have to deal with the debt ceiling fight and republicans have been calculating that they want to extract some concessions from the white house on that. that can't be considered separate from what we're talking about today. of course, we have to do the sequestration and what will happen with those cuts. so it's too early to tell who wins, who loses. i'll add to ezra, the big losers i guess are us, and me in particular standing out here in the cold on new year's eve over a manufactured crisis. >> there are a lot of us who did not expect to be here a
at the moment we will have a fairly modest amount of deficit reduction. maybe even none at all. mixed with a fairly bad economic impact from the fiscal cliff. kicking some of the sequester down the road would be a good idea but it's the same disagreements keeping us from doing that that has kept us from getting a bigger deal. >> where we are right now and what we know about this, sam, is it clear whether one side gave more than the other? >> you know, it's just the first chapter of...
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Nov 14, 2012
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and reducing our deficit in a balanced and responsible way. now on this last item, we face a very clear deadline that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline and i believe that both parties can work together to make these decisions in a balanced and responsible way. yesterday i had a chance to meet with labor and civic leaders for their input, today i'm meeting with ceos of some of america's largest companies. and i'll meet with leaders of both parties of congress before the week is out because there's only one way to solve these challenges and that is to do it together. as i've said before, i'm open to compromise and new ideas. and i've been encouraged over the past week to hear republican after republican agree on the need for more revenue from the wealthiest americans as part of our arithmetic if we're going to be serious about reducing the deficit. because when it comes to taxes, there are two pathways available -- option one, if congress fails to a
and reducing our deficit in a balanced and responsible way. now on this last item, we face a very clear deadline that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline and i believe that both parties can work together to make these decisions in a balanced and responsible way. yesterday i had a chance to meet with labor and civic leaders for their input, today i'm meeting with ceos of some of america's largest...
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Oct 5, 2015
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character of each other, then after the primary is over, then obviously there's a trust and support deficit amongst the american people. >> vice president joe biden spoke in front of 3,500 lgbt activists this weekend at the annual human rights campaign dinner. he praised the work that activists have made but he also made this quip. >> the american people are already with you. look at the numbers. there's homophobes still left. most of them are running for president, and i think -- >> during this speech, biden made no mention of whether or not he'd be joining the 2016 presidential race. >>> republican congressman jason chaffetz announced that he is running for speaker of the house. the chairman of the house oversight committee will be challenging majority leader kevin mccarthy. the vote to replace john boehner is scheduled for thursday. >>> according to politico, mr. boehner might postpone the elections for majority leader and whip. this means the party would only vote for the speaker position on thursday. this weekend, "snl" cast member tyran gave his best donald trump interpretation. >> i
character of each other, then after the primary is over, then obviously there's a trust and support deficit amongst the american people. >> vice president joe biden spoke in front of 3,500 lgbt activists this weekend at the annual human rights campaign dinner. he praised the work that activists have made but he also made this quip. >> the american people are already with you. look at the numbers. there's homophobes still left. most of them are running for president, and i think --...
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May 15, 2012
05/12
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where were these deficit hawks when bush took us into two wars. would wars. afghanistan, iraq, forget to pay for them. where were the deficit hawks when bush provide tax breaks for the wealthiest people in the country. on top of all that, al, we have seen a significant decline in revenue because of the recession that we're in right now. revenue is at the lowest point in comparison to gdp we have seen in 50 years. so these guys helped cause the recession, helped cause the deficit, now they say, hey, let's move it a balanced budget by cutting social security, medicare, medicaid and needs of working families. i think that is atrocious. american people have to come together and say, sorry, that ain't going to happen. >> you make arguments based on facts and facts matter. if we look the the fact that it hadn't been for the stimulus planes it put something out there, would he be in worse shape. but today romney said stimulus was a mistake. look at this, senator. >> president obama started out with a near trillion dollar stimulus package. the stimulus wasn't just wa
where were these deficit hawks when bush took us into two wars. would wars. afghanistan, iraq, forget to pay for them. where were the deficit hawks when bush provide tax breaks for the wealthiest people in the country. on top of all that, al, we have seen a significant decline in revenue because of the recession that we're in right now. revenue is at the lowest point in comparison to gdp we have seen in 50 years. so these guys helped cause the recession, helped cause the deficit, now they say,...
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Nov 21, 2011
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first, this congress punteded deficit reduction over to the so-called congressional super committee. and now that committee has announced it can't reach a deal. so now what? here's the first result. look at the dow jones. it dropped almost 250 points today on anticipation of the news. so what happens now? who gets the blame? and how does this affect the 2012 race? >>> plus, when you hear republican flip-flopper, you think perhaps mitt romney, ri t right? well, check out newt gingrich. his website has shiny new explanations for why he's changed his positions on the health care mandate, global warming, t.a.r.p., and what he called paul ryan's, quote, right-wing social engineering medicare plan. and luckily for newt, all of his new position line, it lines up nicely with the conservative republican primary voters. big surprise. >>> also, the video that went viral this weekend. campus police pepper spraying peaceful occupy protesters at unc davis, that's out in california. university's police chief was placed on administrative leave today and many students are calling for the university's
first, this congress punteded deficit reduction over to the so-called congressional super committee. and now that committee has announced it can't reach a deal. so now what? here's the first result. look at the dow jones. it dropped almost 250 points today on anticipation of the news. so what happens now? who gets the blame? and how does this affect the 2012 race? >>> plus, when you hear republican flip-flopper, you think perhaps mitt romney, ri t right? well, check out newt gingrich....
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Feb 12, 2018
02/18
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how come you were against president obama's deficits and then how come you're for republican deficits? isn't that the very definition of intellectual dishonesty? when the democrats are in power, republicans appear to be the conservative party. but when republicans are in power, it seems there is no conservative party. >> i think it's an understatement to say his colleagues were upset with them for forcing them to vote at 2:00 in the morning. he hooz a point. the massive tax cut will add $1.2 trillion to the debt. it is the same point they made when they were swept into power eight years ago in 2010. >> only in america are you ever given a second chance. >> i have been chosen by the people of indiana to stop reckless spending. >> i think the american people grew frustrated with run away federal spending and a tone deaf washington, d.c., really under both political parties. >> we have a great opportunity here to demonstrate that we are responding to what the american people clearly would like for us to do. cut the spending, cut the debt. >> get spending and debt under control. >> they w
how come you were against president obama's deficits and then how come you're for republican deficits? isn't that the very definition of intellectual dishonesty? when the democrats are in power, republicans appear to be the conservative party. but when republicans are in power, it seems there is no conservative party. >> i think it's an understatement to say his colleagues were upset with them for forcing them to vote at 2:00 in the morning. he hooz a point. the massive tax cut will add...
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Aug 14, 2018
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budget deficit, topping $1 trillion by fiscal year 2020. that is up, by the way, from $804 billion in 2018 and $981 billion in 2019. the spiking deficit courtesy of a $1 trillion in tax cuts and roughly $300 billion in new spending increases. and despite numerous promises from this administration, those tax cuts are not saving most american families money either. they are helping the rich get richer. let me just show this to you, because this is fact. families earning $25,000 or less will save on average $60 on their federal tax returns this year. those making between $48,600 and $86,100 will save on average $930 a year. families in the top 1% of earners an average of $51,000. let me run this by you. $60, $930, $51,000. not all bad news. there's some good news from the cbo. wage growth is finally expected to climb above 3%. at the current rate of 2.7%, any real gain in wages is being wiped out by a strong inflation rate of 2.9%. so at the moment, the average wage earner is in negative. joining us now is heather long, the "washington post"'s
budget deficit, topping $1 trillion by fiscal year 2020. that is up, by the way, from $804 billion in 2018 and $981 billion in 2019. the spiking deficit courtesy of a $1 trillion in tax cuts and roughly $300 billion in new spending increases. and despite numerous promises from this administration, those tax cuts are not saving most american families money either. they are helping the rich get richer. let me just show this to you, because this is fact. families earning $25,000 or less will save...
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Jul 13, 2012
07/12
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he left with a $1.3 trillion deficit. he gave us massive tax breaks for the rich and two wars that were unpaid for. failed policies caused this mess. a point president obama drove home today. >> we tried it. we tried it for most of the last decade. and what were the results? we turned record surpluses into record deficits. wages, incomes stagnated. job growth sluggish. now, if you tried something and it doesn't work, why would you try it again? why would we want to go back to that? >> well, who would want to go back to that? willard mitt romney does. apparently he's ready to celebrate for deficit birthday parties. his economic policies will be just bush's just updated. last night he attended a fund raiser thrown by dick cheney. that dick cheney. the one that helped explode the deficit. at the event willard called cheney quite a man, quite a leader. he and george bush led all right. right off a cliff. joining me now is melissa harris-perry and ezra klein. melissa, why no party hat for today's tenth anniversary? where's the
he left with a $1.3 trillion deficit. he gave us massive tax breaks for the rich and two wars that were unpaid for. failed policies caused this mess. a point president obama drove home today. >> we tried it. we tried it for most of the last decade. and what were the results? we turned record surpluses into record deficits. wages, incomes stagnated. job growth sluggish. now, if you tried something and it doesn't work, why would you try it again? why would we want to go back to that?...
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Nov 21, 2012
11/12
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and that's made it impossible to reach a deficit reduction deal, until now. "the new york times" has an article in which republican after republican after republican goes on the record by name dismissing his pledge and his power. peter king says a pledge is good at the time you sign it. in 1941 i would have voted to declare war on japan. but each congress is a new congress and you can't have a rule that you're never going to raise or lower taxes. i don't want to rule anything out. senator of georgia said, i'm frankly not concerned about the norquist pledge. senator john mccain said fewer and fewer people are signing this "pledge." it's actually a pledge, but any way. senator coburn called it "a tortured vision of tax purity." and it did you want end there in that article. bill crystal said this. >> let's have a serious debate. don't scream and yell when one person says, it won't kill the country if we raise taxes on millionaires. i don't understand why republicans don't take obama's offer. >> a calmist at the national review wrote, as a matter of political st
and that's made it impossible to reach a deficit reduction deal, until now. "the new york times" has an article in which republican after republican after republican goes on the record by name dismissing his pledge and his power. peter king says a pledge is good at the time you sign it. in 1941 i would have voted to declare war on japan. but each congress is a new congress and you can't have a rule that you're never going to raise or lower taxes. i don't want to rule anything out....
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Dec 14, 2017
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and paul ryan to say, well, we have this huge deficit. we'll have to cut medicare and medicaid. you will recall that during the campaign, trump said, i am a different type of republican. i'm not going to cut social security, medicare and medicaid, but that is exactly what paul ryan, the speaker of the house, has in mind. i say to the president, keep your promise. do not cut medicare and medicaid. if you want something that benefits the middle class, you've got allies here. but we do not need the wealthy to drive up the deficit. >> net neutrality, which is a complicated way of saying, oh, people on the internet will not get the same access to high-speed internet. we expect the fcc to be voting on momentarily. they're in the middle of their votes, which was proposed and extrude under president obama. you are one of those opposed to what we expect them to do this hour. >> andrea, it's almost unspeakable to talk about what a disaster this will be. the internet has been a real effort to enhance democracy and level the playing field in this cou
and paul ryan to say, well, we have this huge deficit. we'll have to cut medicare and medicaid. you will recall that during the campaign, trump said, i am a different type of republican. i'm not going to cut social security, medicare and medicaid, but that is exactly what paul ryan, the speaker of the house, has in mind. i say to the president, keep your promise. do not cut medicare and medicaid. if you want something that benefits the middle class, you've got allies here. but we do not need...
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Aug 7, 2013
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but our deficits right now are falling at the fastest rate in decades. we've cut them in half. and they keep on moving in the right direction, in that context, congress needs to agree on a responsible plan that reduces our deficits but also keeps our military strong. also invested in education, also invests in research. also invests in our infrastructure. that's what you deserve, that's what your families deserve, that's what i'm fighting for, and that's my commitment to you. keeping our military son
but our deficits right now are falling at the fastest rate in decades. we've cut them in half. and they keep on moving in the right direction, in that context, congress needs to agree on a responsible plan that reduces our deficits but also keeps our military strong. also invested in education, also invests in research. also invests in our infrastructure. that's what you deserve, that's what your families deserve, that's what i'm fighting for, and that's my commitment to you. keeping our...
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Aug 22, 2012
08/12
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he voted for every deficit increasing measure during the bush administration. >> i was than going to go will. >> from the wars, unfinanced medicare extension for prescription drugs and voted against the simpson/bowles deal, most important deficit reduction bipartisan package we have seen. he then tried to undermine it, when obama put much of that on the table during the debt negotiation last august he tried to undermine that as well. look, you know, jimmy is a better theologian than i am. when you look at how biden and -- ryan will match up, sure ryan is a good debater and articulate spokesman but look at what biden says. look at our record. we -- went from negative nine in gdp growth, we were in a deep recession to positive two. that's about 11 point swing. obama is for couldn'ting that recovery. obama -- the obama campaign is for reducing class size giving us the best educational system in the world. the obama presidency and -- next four years would be for energy independence. contrast that with what ryan stands for. ryan stands for ending medicare as we know it. all of the extremi
he voted for every deficit increasing measure during the bush administration. >> i was than going to go will. >> from the wars, unfinanced medicare extension for prescription drugs and voted against the simpson/bowles deal, most important deficit reduction bipartisan package we have seen. he then tried to undermine it, when obama put much of that on the table during the debt negotiation last august he tried to undermine that as well. look, you know, jimmy is a better theologian than...
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Aug 17, 2012
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this president has added $5 trillion to the federal deficit. that's all part of a larger economic argument because we are never going to be able to put the country on the right track to creating jobs again and getting the economy kick-started if we're continuing to spend billions and trillions of dollars out of washington and creating more and more government, and then at the same time, taking away benefits promised to these seniors and obama didn't keep his promise to. >> we have to sort of break that down and fact check it. we will do that later with ezra klein, because both the ryan and the obama plan take $716 billion. the only question is where they take it from. the ryan plan arguably would take it from beneficiaries. the president's plan would take it from providers and it is true that past congresses have always reneged on promises to take money away from providers. there is a legitimate question about whether current seniors or future seniors are affected by either of the plans. i think that's a larger argument we will have to have. >>
this president has added $5 trillion to the federal deficit. that's all part of a larger economic argument because we are never going to be able to put the country on the right track to creating jobs again and getting the economy kick-started if we're continuing to spend billions and trillions of dollars out of washington and creating more and more government, and then at the same time, taking away benefits promised to these seniors and obama didn't keep his promise to. >> we have to sort...
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Nov 29, 2012
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the president's message >>> if we get this part of it right, a lot of the other issues surrounding deficit reduction are going to be a whole lot easier. if we get this wrong, the economy is going to go south. we don't have a lot of time here. we have a few weeks to get this thing done. we could get it done tomorrow. optimistically, i don't think we are going to get it done tomorrow. >> the white house is using all social media resources to get the message out and put pressure on the republicans. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress, write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag my 2 k, not y2 k. >> the president was laughing about you the strategy, seriously effective. the my2k was one of the top trends on twitter all day long. republicans aren't too happy. they are getting outflanked. >> if the president wants to reach an agreement, he n
the president's message >>> if we get this part of it right, a lot of the other issues surrounding deficit reduction are going to be a whole lot easier. if we get this wrong, the economy is going to go south. we don't have a lot of time here. we have a few weeks to get this thing done. we could get it done tomorrow. optimistically, i don't think we are going to get it done tomorrow. >> the white house is using all social media resources to get the message out and put pressure on...
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Nov 2, 2017
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. >> none of it seems to align with republicans who care about the deficit. george, from your perspective, even what we know so far is limited. until today, we only saw nine pitches. six months ago, we saw a one-page brief. when this really happened in the reagan administration, it was true tax reform. that's not what this is. >> when it happened with reagan, taxes were a salient issue in the country. fewer and fewer people pay the income tax. 75% of americans pay more in payroll taxes than they do in the income tax. the brackets are much lower than they were when reagan did this. inflation is much lower so we don't have bracket creep flowing people higher and higher into brackets. chairman brady's a wonderful intelligent legislator but it is preposterous to say this nibbling around at the edges of the sledge is a serious reform of our 70,000 page tax code. just it's not happening. >> can republicans -- >> in fact, we're going to make it more complicated. they say, well, you used to be able to deduct local taxes. now we'll have a cap, it will have a wrinkle s
. >> none of it seems to align with republicans who care about the deficit. george, from your perspective, even what we know so far is limited. until today, we only saw nine pitches. six months ago, we saw a one-page brief. when this really happened in the reagan administration, it was true tax reform. that's not what this is. >> when it happened with reagan, taxes were a salient issue in the country. fewer and fewer people pay the income tax. 75% of americans pay more in payroll...
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Jul 20, 2012
07/12
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we have a big deficit. how about just cutting the deficit through different taxation policies. once you get to the reality of these cuts. and here we are. you like the ryan cuts? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> the broader question you just raised is we have a deficit, we have a debt. these have become problematic and everyone agrees with that. then you get into the details whose are you going to protect in order to do something about that? are you going to go after the most vulnerable as the ryan budget does? not only cutting medicare but things like education and other important spending that helps the most vulnerable. or are you going to provide tax cuts for the rich or are you going to preserve some of those to move toward a society where everybody has an equal shot. they're going to say that the president's trying to scare people, but this isn't just an important issue. it's central to the philosophical divide that separates barack obama and mitt romney. you're going t
we have a big deficit. how about just cutting the deficit through different taxation policies. once you get to the reality of these cuts. and here we are. you like the ryan cuts? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> the broader question you just raised is we have a deficit, we have a debt. these have become problematic and everyone agrees with that. then you get into the details whose are...
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Aug 11, 2012
08/12
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he's become their chief spokesperson when it comes to reducing the deficit and debt. and in a conversation that romney had with nbc's chief white house correspondent chuck todd just within the last 24 to 48 hours, he made it clear that he was looking for smuchb womeo would have a bold vision for the future of this country. he tried to make the conversation in this campaign more specific about the issues and paul ryan, veronica, is viewed as someone who would very quickly do that. we have reached out to the campaign for confirmation, but, again, at this point, they have not responded to that. they are just acknowledging there will be an announcement made tomorrow morning at 9:00 here at the site of the "uss wisconsin" in norfolk, virginia. the state of virginia is significant, as this campaign goes. many people have said what happens in virginia will dictate what happens in the november 6th election. but the next several days will be spent in several key battlegrounds beginning in virginia before novemberi imovi carolina and then florida and ohio. there had been a lot
he's become their chief spokesperson when it comes to reducing the deficit and debt. and in a conversation that romney had with nbc's chief white house correspondent chuck todd just within the last 24 to 48 hours, he made it clear that he was looking for smuchb womeo would have a bold vision for the future of this country. he tried to make the conversation in this campaign more specific about the issues and paul ryan, veronica, is viewed as someone who would very quickly do that. we have...
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Sep 19, 2011
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>> i will not support any plan that puts all the burden for close are our deficit on ordinary americans. i will veto any bill that changes benefits for those who rely on medicare and does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. >> the president outlined the plan to cut a deficit partly by raising taxes for individuals making more than $1 million a year. >> i reject the idea that asking a hedge fund manager to pay the same rate as a plumber or teacher is class war faure. >> live from the white house, we heard from all sides, it was an interesting weekend to see the president plan and the drabs we were hearing. what is the next move for the white house? >> president obama is going to sell this to the people. we saw him do that with the american jobs act. we started that visiting battle ground states, virginia, ohio and north carolina. he will head out later this week. you can bet he will continue to sell his american jobs act. he had a plan that he unveiled and review the highlights of the plan that is heavy on new tax
>> i will not support any plan that puts all the burden for close are our deficit on ordinary americans. i will veto any bill that changes benefits for those who rely on medicare and does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. >> the president outlined the plan to cut a deficit partly by raising taxes for individuals making more than $1 million a year. >> i reject the idea that asking a hedge fund manager...
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Jul 28, 2011
07/11
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you moved on that and said fine we can do deficit reduction. and the president has moved and moved and you've made that argument, look at how much we've moved why won't the republicans move with us, part of the argument. there's a lot of democrat senators when is the president going to stop moving and they're convinced as are republicans, that at the end of the day, he'll cave and sign a two-step debt ceiling solution. >> no. listen, i think right now, you see a great amount of unity in the democratic party. every democratic senator and two independents, as i mentioned even a few republicans in the senate v said they're not going to support boehner. i don't think boehner may get one or two democratic votes may get none. we're unified here. this is the responsible thing to do. chuck, you know, if you go out on main street all across america today and ask them should we go through this debt ceiling exercise again during the holidays, people would think that's insanity. that's not what should be done here. and, we have a commitment to another proc
you moved on that and said fine we can do deficit reduction. and the president has moved and moved and you've made that argument, look at how much we've moved why won't the republicans move with us, part of the argument. there's a lot of democrat senators when is the president going to stop moving and they're convinced as are republicans, that at the end of the day, he'll cave and sign a two-step debt ceiling solution. >> no. listen, i think right now, you see a great amount of unity in...
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Nov 8, 2012
11/12
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if all of that happens, next year's deficit improves $607 billion. the deficit would go down almost 40%, but it's only good on paper. it would come at a price, a great price that the economy would basically go over, as you saw, a fiscal cliff. and the paradox here, chris, despite reducing the deficit here, the plan cuts provoke recession, higher unemployment, and a cut in the u.s. credit rating perhaps. >> i'm not going to sleep tonight. thank you, richard lui. that's going to wrap it up for this hour of jansing and company. i'm chris jansing. thomas roberts is up next. ♪ with a low national plan premium... ♪ ...and copays as low as one dollar... ♪ ...saving on your medicare prescriptions is easy. ♪ so you're free to focus on the things that really matter. call humana at 1-800-808-4003. or go to walmart.com for details. at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust. legalzoom makes it easy with step-by-
if all of that happens, next year's deficit improves $607 billion. the deficit would go down almost 40%, but it's only good on paper. it would come at a price, a great price that the economy would basically go over, as you saw, a fiscal cliff. and the paradox here, chris, despite reducing the deficit here, the plan cuts provoke recession, higher unemployment, and a cut in the u.s. credit rating perhaps. >> i'm not going to sleep tonight. thank you, richard lui. that's going to wrap it up...
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Jan 25, 2017
01/17
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add up the countries we do not have a trade agreement with, that's where a massive trade deficit comes from. our goal is to get free trade agreements and get other countries to play and live by our rules so we can level the playing field. what donald trump has been concerned about, what he's talked about, is when we get deals that don't level the playing field. when we get deals that aren't the kinds of best deals we can get. we want good deals and those are free trade deals to lower the barriers between trade between two countries but more importantly, we're the generous country, we're the ones that open our doors to other countries and in many cases we get taken advantage of because of that and we want to have trade agreements that give us a level playing field, get other countries to respect the rule of law, intellectual property ri t rights, lower their taxes to our barriers and those are things president trump agrees with. >> were you in favor of tpp? >> i favored the idea of tpp but did not support the obama administration. two, three things they did that were terrible agreements
add up the countries we do not have a trade agreement with, that's where a massive trade deficit comes from. our goal is to get free trade agreements and get other countries to play and live by our rules so we can level the playing field. what donald trump has been concerned about, what he's talked about, is when we get deals that don't level the playing field. when we get deals that aren't the kinds of best deals we can get. we want good deals and those are free trade deals to lower the...
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Jan 20, 2015
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does it reduce the deficit? does it help our veterans? we owe them a future worthy of their sacrifice. if we use them as our north star it would be taking the country in the right direction. >> is the least popular proposal that he's going to make tonight with democrats the trade? >> well the trade -- the democrats always been a party of trade. i represent san francisco and california, a state huge -- >> exporter -- >> raised in baltimore, same things in terms of clipper ships. >> now it feels threatened and replay of nafta where many democrats are angry. >> that's true. i don't know if they are angry at the white house but they have questions. what we're saying we can find a path to yes. we can find a path to yes if there's transparency. we know what is in this bill. if there's consultation. i saw in the paper coming here last night they had pros and cons about the fast track for trade. the pro was the president can negotiate the bill in secret and give it to congress to vote up or down. the con was the president can negotiate the bill i
does it reduce the deficit? does it help our veterans? we owe them a future worthy of their sacrifice. if we use them as our north star it would be taking the country in the right direction. >> is the least popular proposal that he's going to make tonight with democrats the trade? >> well the trade -- the democrats always been a party of trade. i represent san francisco and california, a state huge -- >> exporter -- >> raised in baltimore, same things in terms of clipper...
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Aug 5, 2011
08/11
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with those then we can say what people have liked to see us do who have been most adamant about the deficit then we will send a message to the market tlas that will begin to excite investment and give greater confidence about the long-term. i also believe it is possible to talk to reasonable people in congress about how we can create some jobs now. example, the infrastructure bank, you know, it's a horrible word, but it would provide an investment mechanism for very, very little, maybe $5 billion, $10 billion of federal dollars. you'll get $650 billion of investment in job creation in america. and it will be paid for not by taxpayer dollars, but by private investors, the chinese for instance are prepared to invest in these projects because they can get a return on investment from doing that. in the meantime, we rebuild america. that makes sense. and i think there are plenty of things like that that we can do to put people back to work. >> senator, the latest polling shows that 82% of americans have a terrible view. a negative view of congress. the performance over the last month has certain
with those then we can say what people have liked to see us do who have been most adamant about the deficit then we will send a message to the market tlas that will begin to excite investment and give greater confidence about the long-term. i also believe it is possible to talk to reasonable people in congress about how we can create some jobs now. example, the infrastructure bank, you know, it's a horrible word, but it would provide an investment mechanism for very, very little, maybe $5...